The Green Climate Fund commends and strongly welcomes the announcement by Germany that it will contribute EUR 2 billion to the Fund’s second replenishment (GCF-2).
German Chancellor Olaf Scholz made the announcement at the Petersberg Climate Dialogue on May 3, 2023, in Berlin. The pledge is a 33 percent increase on Germany’s contribution to the Fund’s first replenishment and once confirmed, will be the single largest contribution to GCF in its history to date.
Responding to the news, GCF Executive Director ad interim Henry Gonzalez said, “This record pledge from Germany shows their commitment to climate leadership. These funds will deliver critically needed finance to build climate resilience and reduce emissions in developing countries. It is a strong vote of confidence in GCF’s ability to deliver transformative climate action to the most vulnerable people. We now look to other contributors to match this level of ambition and help ensure the GCF-2 replenishment is a success.”
The second GCF replenishment was launched during the 33rd meeting of the GCF Board in July 2022. The process includes consultation meetings with potential contributors, Board members, and observers. The replenishment will culminate with a high-level pledging conference on 5 October 2023, to be hosted by Germany in Bonn.
